Hope kills more people than margin balances. The idea we can crawl out of our graves today and reverse these losses is laughable.
Indexes down 4% with just 2 hours left to trade do not reverse, lest there is news. We have no news and we have no Fed to help us. You are on your own.
Whether this spills into tomorrow is anyone’s guess. I had done some legwork for you to understand what this was about a week ago. Read it over again.
I am fully invested with a TZA hedge at 20%. My positions are not in battered sectors, aside from one or two. I am heavily leaning on commodity related stocks and equities that have outperformed in 2022, not lagged.
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